Ulta Shares Rise on Goldman Sachs Upgrade to Buy from Neutral

Shares of Ulta are climbing on Thursday after Goldman Sachs analysts upgraded the stock to Buy from Neutral. Goldman Sachs also increased their price objective on the stock to $118, up from $107. In other news, according to an SEC filing, Ulta CEO Mary Dillon bought 5,000 shares of the stock on Tuesday, March 18 at an average price of $97.35 a share, for a total investment of nearly $487,000. The beauty retailer recently reported better-than-expected quarterly results on March 13.

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President Trump's move Thursday to cancel his meeting with North Korea leader Kim Jong Un sent the stock market into a "tizzy," according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.